1

RAB Bank Limited, a banking company, has defaulted in payment of dues to their catering contractor. Can the contractor, as operational creditor initiate insolvency process against bank: –

  • A

    Yes, operational creditors are entitled

  • B

    No, financial service providers are excluded

  • C

    Yes, banking companies are covered under this code

  • D

    No, catering is an excluded service under the Code